First Quantum Minerals Limited Stock Is Crashing Now

 First Quantum Minerals Limited Stock Is Crashing Now

The stock of First Quantum Minerals Limited (TSE:FM) is a huge mover today! About 3.63M shares traded hands or 5.83% up from the average. First Quantum Minerals Limited (TSE:FM) has risen 87.63% since March 28, 2016 and is uptrending. It has outperformed by 84.62% the S&P500.
The move comes after 6 months negative chart setup for the $8.90B company. It was reported on Nov, 1 by Barchart.com. We have $11.79 PT which if reached, will make TSE:FM worth $445.00M less.

First Quantum Minerals Limited (TSE:FM) Ratings Coverage

Out of 14 analysts covering First Quantum Minerals (TSE:FM), 6 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 43% are positive. $20 is the highest target while $3.50 is the lowest. The $11.93 average target is -3.87% below today’s ($12.41) stock price. First Quantum Minerals has been the topic of 64 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “” rating on Friday, July 29 by BNP Paribas. The stock of First Quantum Minerals Limited (TSE:FM) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, October 6. RBC Capital Markets maintained the shares of FM in a report on Monday, May 30 with “Sector Perform” rating. HSBC downgraded First Quantum Minerals Limited (TSE:FM) on Tuesday, January 12 to “Reduce” rating. The firm has “Outperform” rating by National Bank Canada given on Wednesday, July 22. Berenberg downgraded First Quantum Minerals Limited (TSE:FM) on Friday, July 8 to “Sell” rating. The stock of First Quantum Minerals Limited (TSE:FM) earned “Neutral” rating by JP Morgan on Wednesday, October 7. The stock of First Quantum Minerals Limited (TSE:FM) has “Buy” rating given on Wednesday, July 20 by TD Securities. The firm has “Sector Perform” rating given on Thursday, July 21 by RBC Capital Markets. The firm has “Sector Perform” rating given on Tuesday, January 19 by RBC Capital Markets.

More notable recent First Quantum Minerals Limited (TSE:FM) news were published by: Business.Financialpost.com which released: “First Quantum Minerals Ltd upgraded to buy as liquidity improves” on July 20, 2016, also Business.Financialpost.com with their article: “Teck Resources Ltd and First Quantum Minerals Ltd upgraded at Canaccord” published on July 25, 2016, Moodys.com published: “Moody’s downgrades FQM’s CFR to Caa1, senior unsecured notes to Caa2; negative …” on January 08, 2016. More interesting news about First Quantum Minerals Limited (TSE:FM) were released by: Business.Financialpost.com and their article: “First Quantum Minerals Ltd issues ‘going concern’ warning amid high debt, weak …” published on February 19, 2016 as well as Business.Financialpost.com‘s news article titled: “First Quantum Minerals Ltd sells Kevitsa mine in Finland for US$712 million to …” with publication date: March 10, 2016.

First Quantum Minerals Ltd. is an international mining company. The company has a market cap of $8.90 billion. The Firm is engaged in mineral exploration, mine engineering and construction, development and mining. It has a 19.63 P/E ratio. It produces copper in concentrate, copper cathode, nickel in concentrate, gold, zinc, platinum-group elements and pyrite.

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